Patagonia Gets Multi-Million Dollar Trump Tax Cut – Donates It In Protest

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Although Mr. Trump himself continues to deny it, his administration released a report on Friday warning that the country is in grave danger as current actions are insufficient to stave off the devastating effects of climate change. Even Secretary of Defense James Mattis has asserted that climate change is real, and a threat to American interests abroad.

On Wednesday, it was reported that one company is jumping on board to take important action with regards to the matter. Patagonia, an outdoor retailer, announced on their Linked In page that it plans to donate the $10 million it is saving from President Trump’s corporate tax cuts this year to environmental groups.

Rose Marcario CEO of Patagonia stated:

‘Based on last year’s irresponsible tax cut, Patagonia will owe less in taxes this year—$10 million less, in fact. Instead of putting the money back into our business, we’re responding by putting $10 million back into the planet. Our home planet needs it more than we do.’

Patagonia’s CEO recognized that:

‘Our home planet is facing its greatest crisis because of human-caused climate disruption.’

The government’s climate assessment put it clearly:

‘In the absence of significant global mitigation action and regional adaptation efforts, rising temperatures, sea level rise, and changes in extreme events are expected to increasingly disrupt and damage critical infrastructure and property, labor productivity, and the vitality of our communities.’

The government also admitted:

 ‘Future risks from climate change depend primarily on decisions made today. The integration of climate risk into decision-making and the implementation of adaptation activities have significantly increased since the Third National Climate Assessment in 2014, including in areas of financial risk reporting, capital investment planning, development of engineering standards, military planning, and disaster risk management.’

The Trump Administration actually released this grave report despite Mr. Trump’s efforts to make sure it went unnoticed by many.

Marcario went on to explain:

‘Being a responsible company means paying your taxes in proportion to your success and supporting your state and federal governments, which in turn contribute to the health and well-being of civil society. Taxes fund our important public services, our first responders and our democratic institutions. Taxes protect the most vulnerable in our society, our public lands and other life-giving resources. In spite of this, the Trump administration initiated a corporate tax cut, threatening these services at the expense of our planet.’

She went on to say that the company is donating $10 million to groups committed to protecting air, land, and water and finding solutions to the climate crisis. Patagonia has always funded grassroots activism and the $10 million is going to be on top of the one percent they have already committed to giving to the planet.

Among the groups the company will fund are those dedicated to regenerative organic agriculture, which in Marcario’s words “may be our greatest hope for reversing the damage done to our overheated planet.”

CEO Rose Marcario concluded her statement by saying:

‘In this season of giving, we are giving away this tax cut to the planet, our only home, which needs it now more than ever.’

Featured image is a screenshot from YouTube 

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